Russia has sold four times more expensive gas due to EU sanctions, while Europe has been dealing with minimal reserves since 2013. According to the publication, European companies purchased the Russian LNG under long-term contracts for 25-27 euros per MWh. After the restrictions were imposed, Russia was able to divert these volumes to Asia at prices that were four times higher. At the same time, Europe enters the winter with a 13-year low in gas reserves and risks facing further price increases. Haqin.az Contact.

Russia has sold four times more expensive gas due to EU sanctions, while Europe has been dealing with minimal reserves since 2013. According to the publication, European companies purchased the Russian LNG under long-term contracts for 25-27 euros per MWh. After the restrictions were imposed, Russia was able to divert these volumes to Asia at prices that were four times higher. At the same time, Europe enters the winter with a 13-year low in gas reserves and risks facing further price increases. Haqin.az Contact.